Citigroup (C) Closes Last Hour Down $-0.43; 2 Day Down Streak Ended, in a Downtrend Over Past 14 Days

The Hourly View for C

Last Updated September 16, 2020, 23:8 GMT

At the time of this writing, C’s price is up $0.8 (1.79%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Citigroup Inc Daily Price Recap

The back and forth price flow continues for Citigroup Inc, which started today off at 46.02 US dollars, up 2.7% ($1.21) from the previous day. The price move occurred on volume that was down 46.4% from the day prior, but up 80.49% from the same day the week before. The daily price chart of Citigroup Inc below illustrates.

C

Citigroup Inc Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Citigroup Inc’s price has gone up 15 of the previous 30 trading days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to C:

    $BAC $JPM $C $WFC $GS

    The Federal Reserve left interest rates unchanged after its meeting today

    -No increase in rates is expected until at least the end of 2023
    -To achieve maximum employment, Fed will tolerate moderate periods of inflation above 2% for some time
    -Will continue buying Treasuries and mortgage-backed securities
    -Virus continues to pose considerable risks to the economic outlook over the medium term

    junkbondguru